STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2016

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

NOTE 12. STOCKHOLDERS’ EQUITY

Common Stock

As of September 30, 2016, we had 62,974,431 shares of Common Stock issued and outstanding.  For the three months ended September 30, 2016, we did not issue any shares of Common Stock.

Preferred Stock

As of September 30, 2016, we had no shares of Series A Preferred Stock (the “Series A Shares”) issued and outstanding.  For the three months ended September 30, 2016, we did not issue or redeem any Series A Shares.

Warrants

The following table summarizes the warrants outstanding and the number of shares of Common Stock subject to exercise as of September 30, 2016 and the changes therein during the nine months then ended:

	Number of Shares of Common Stock Subject to Exercise			Weighted – Average Exercise Price
Balance as of December 31, 2015		1,774,193		$	0.77
Warrants issued		25,245,442		$	0.09
Warrants exercised		---			---
Warrants cancelled		(186,389	)	$	1.38
Balance as of September 30, 2016		26,833,246		$	0.12

For the three months ended September 30, 2016, we did not issue any warrants to purchase our Common Stock.

Of the warrant shares subject to exercise as of September 30, 2016, expiration of the right to exercise is as follows:

Date of Expiration	Number of Warrant Shares of Common Stock Subject to Expiration
December 24, 2016		653,686
March 14, 2018		660,000
January 15, 2019		80,000
April 30, 2020		194,118
March 30, 2021		25,245,442
Total		26,833,246